Albireo Granted Orphan Designation by European Commission For Lead Product Candidate A4250 for Treatment of Biliary Atresia
Albireo Pharma, Inc. (ALBO)
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Source: GlobeNewswire
Expands lead product candidate’s development potential in rare cholestatic liver diseases Provides 10 years market exclusivity upon approval plus 2 years upon completion of PIP BOSTON, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Albireo Pharma, Inc. (Nasdaq: ALBO), a clinical-stage orphan pediatric liver disease company developing novel bile acid modulators, today announced the European Commission has granted orphan designation to lead product candidate A4250, an ileal bile acid transporter (IBAT) inhibitor, for the treatment of biliary atresia, a rare and life-threatening liver disease with no approved pharmacologic treatment option. A4250 also holds orphan drug designations in both the U.S. and EU for the treatment of progressive familial intrahepatic cholestasis (PFIC), Alagille syndrome and primary biliary cholangitis (PBC). The European Commission grants orphan designation to medicines intended for the treatment, prevention or diagnosis of a disease that is life-threatening or chroni
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